Tidal is 'doing just fine': Jay-Z
Jay Z is not one for writing a lot of tweets - but he's just put out a “stream of consciousness” defending his music streaming service, Tidal. Launched last month with some very high profile backers, critics have said that the company has been a bit of a flop, with low subscriber numbers.
But Jay Z says: “Tidal is doing just fine. We have over 770,000 subs. We have been in business less than one month. We are here for the long haul.”
Jay Z bought Tidal from a Swedish company, Aspiro, earlier this year, for $56m. There was a spike in interest when he re-launched it on March 30 but then dropped out of the top 50, for downloaded music apps on the US iTunes store.
At the launch event, musicians including Beyonce, Madonna and Kanye West were announced as backers of the service.